Releaf Group likely to have traded while insolvent as administrator flags further investigation

Releaf Group is likely to have been trading while insolvent since mid-2021, a creditors’ report has alleged, as the administrator advised that the company and six subsidiaries be wound up.

A flurry of reports released this week by Mackay Goodwin identified a number of issues that may give cause for further investigation after the directors struggled to trade through financial difficulties.